The crisis of confidence in the banking industry has somehow been contained with an assurance to all depositors, the announcement of a new lending program for banks, 11 banks depositing $30 billion in the First Republic bank, and a shotgun wedding between the besieged Credit Suisse and UBS.
However, since it may be a matter of time before hidden and deferred systemic tail risks resurface and cause widespread panic, it could be wise to invest in fundamentally strong technology stock Bel Fuse Inc. (BELFB) with tangible products, visible business prospects, and a little more skin in the game.
